XAUUSD Approaching Support, Potential For A Bounce
XAUUSD is approaching its support at 1193 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1202 (61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is bounced off its support at 5.04% where a corresponding bounce could occur.
Stochastic (89, 5, 3) is bounced off its support at 5.04% where a corresponding bounce could occur.
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